Many - from media upstarts to shockingly the New York Times - all seem to badly want to invest in the low quality 'subprime market' attention bubble. It couldn't be dumber.
This is a great piece from a variety of different angles. And to your point, I can absolutely confirm old guard media heads have no idea what is happening right now - at least at the local level.
The economic model of the traditional media doesn't work any more. They have no future. Any ambitious young writer knows they are better off building a newsletter or Substack because there is no future for them in the traditional media. This means these traditional brands are stuck. They can't hire great talent, so they resort to clickbait, trying to make things work in the short term because there is no long term for them.
Yeah and look there are still good sites like Bloomberg that do real reporting, ultimately just the financial trades will be left (for a bunch of reasons)
The fall of the NYTimes is so sad. I grew up in NYC, and my Dad and I would debate stories in it as if it was the word of God. I thought reading a big broadsheet in a diner signaled that you were an educated, dignified adult. I remember when he got upset the first time they ran a sports story on the front page, "That's not news!" Maybe I am being dramatic, but I find it heartbreaking.
Excellent. And, I’d say our institutions — the CDC, FDA, CIA, NSA, the Fed, and both political parties, among others — need to learn a similar lesson, having traded their own credibility for short term control/compliance. That trust never comes back (not until they are burnt to the ground, rebuilt anew and different). It’s all a symptom of the rot at the core of our social contract: the broken, fraudulent, debt-based fiat money system.
Nice one, Adam! Early in my career I worked on brand strategy for a big insurance company which was like getting a masters in the importance of trust in brand building. Interesting to see how it’s evolved (and is evolving) over the years!
This is a great piece from a variety of different angles. And to your point, I can absolutely confirm old guard media heads have no idea what is happening right now - at least at the local level.
The economic model of the traditional media doesn't work any more. They have no future. Any ambitious young writer knows they are better off building a newsletter or Substack because there is no future for them in the traditional media. This means these traditional brands are stuck. They can't hire great talent, so they resort to clickbait, trying to make things work in the short term because there is no long term for them.
Yeah and look there are still good sites like Bloomberg that do real reporting, ultimately just the financial trades will be left (for a bunch of reasons)
The fall of the NYTimes is so sad. I grew up in NYC, and my Dad and I would debate stories in it as if it was the word of God. I thought reading a big broadsheet in a diner signaled that you were an educated, dignified adult. I remember when he got upset the first time they ran a sports story on the front page, "That's not news!" Maybe I am being dramatic, but I find it heartbreaking.
Great piece.
Well said Thanks!
A good read, thanks to @Marvin Liao for bringing my attention to it
NICE JOB Adam !!!!!
An infinite content world, within a finite attention-span world.
Excellent. And, I’d say our institutions — the CDC, FDA, CIA, NSA, the Fed, and both political parties, among others — need to learn a similar lesson, having traded their own credibility for short term control/compliance. That trust never comes back (not until they are burnt to the ground, rebuilt anew and different). It’s all a symptom of the rot at the core of our social contract: the broken, fraudulent, debt-based fiat money system.
Nice one, Adam! Early in my career I worked on brand strategy for a big insurance company which was like getting a masters in the importance of trust in brand building. Interesting to see how it’s evolved (and is evolving) over the years!
Great article, agree with you 100%
Good piece. Appreciate you!